What does "credit repair" refer to?

"Credit repair" refers to the process of improving a consumer's credit report or credit score. This typically involves disputing inaccuracies or misleading information in a credit report, helping consumers manage their debts, and offering guidance on how to improve their creditworthiness. The goal of credit repair is to enable consumers to achieve better credit terms, whether for loans, mortgages, or other financial products, by rectifying negative aspects of their credit profiles.

Other activities related to credit management, such as securing loans or closing accounts, do not directly define credit repair. While these actions may influence one’s credit status, they are not the central focus of credit repair efforts as defined by the industry and regulatory bodies.